My purpose for writing this blog is to help improve health and create wealth for those who read it. I will write about insurance, investment, healthcare, current affairs and about myself. Should you have enquiry, drop me an email at akhiat@pacific.net.sg.

Friday, August 3, 2007

Goldman Sachs Group previously mentioned that oil may be at US$100 by 2009. Now that figure may just well be only a few months away. Last Friday, oil price is at US$77.02/barrel. In Jan 07, Oil prices was below $50/barrel.

Why Oil prices rise?

Demand increase is largely led by the recovering US economy, China and India where more cars, trucks and factories are burning oil fast. The cost of finding and pumping oil is also rising steadily due to shortage of deepwater drilling rigs and skilled workers to run them.

Under what circumstances will oil prices rise sharply?

1) If US pull its troop out from Iraq and Iraq went into Civil War.

2) If Nigeria break into another Civil War

3) If there are any military strike against Iran

4) If Opec cut production for some currently unknown reason

What happens if oil prices rise?

1) All your electricity, transportation expenses rise

2) All your food prices rise due to rise in Transportation

3) When all basic amenities rise, you have less money for other things

World oil supplies are set to run out faster than expected, warn scientists Scientists challenge major review of global reserves and warn that supplies will start to run out in four years' time

By Daniel Howden Published: 14 June 2007 Scientists have criticised a major review of the world's remaining oil reserves, warning that the end of oil is coming sooner than governments and oil companies are prepared to admit.

BP's Statistical Review of World Energy, published yesterday, appears to show that the world still has enough "proven" reserves to provide 40 years of consumption at current rates. The assessment, based on officially reported figures, has once again pushed back the estimate of when the world will run dry.

Thank you for visiting my blog

Khiat Han Hwee Adrian

I worked as a Shipping Executive before I switched to be a Financial Adviser 5 years ago. My job was very stable then but I wasn't happy with my 9-5 routine. I eventually pursued this career because I found meaning in helping people with their finance, especially towards insurance and investment planning.

It took my family and friends by surprise because I am known to an introvert who couldn't string words properly. My family are dead against it because they felt that I can't survive the industry and that I had wasted my education and a good career.I have an average IQ and certainly not the most knowledgable adviser. However, I assure my professionalism and integrity to give my clients the best value. Do drop me an email if you like to seek my opinion on your finance.